Goodman & Nekvasil P.A. May Recover Investor Losses | Matthew Woodard, Formerly Licensed Financial Advisor Barred from Securities Industry by SEC
Securities and Exchange Commission Bars Matthew Woodard, Formerly Licensed Financial Advisor
The SEC reports that from September 12, 2013 through August 18, 2014, Matthew Woodard was an associated person and registered representative of ProEquities, Inc. (“ProEquities”), which is dually registered with the Commission as a broker-dealer and investment adviser. According to the SEC, Matthew Woodard, 32, is a resident of Farmington, Connecticut.
The SEC reports that on March 23, 2018, Matthew Woodard consented to an order issued by the State of Connecticut Department of Banking, In the Matter of Matthew Charles Woodard, Docket No. CO17-8279-S (“Connecticut Order”), permanently barring Matthew Woodard, “from directly or indirectly, through any person, organization, entity or other device, (a) transacting business in or from Connecticut as a broker-dealer, agent, investment adviser or investment adviser agent, as such terms are defined in the Connecticut Uniform Securities Act, and not withstanding any definitional exclusion that might otherwise be available under the Act; and (b) acting in any other capacity which requires a license or registration from the Commissioner; (c) serving as an officer, director or control person of a broker-dealer, investment adviser, issuer and/or any other entity which requires a license or registration from the Commissioner; and (d) soliciting or accepting funds for investment purposes from public or private investors in or from Connecticut.”
The Connecticut Order alleged that in 2014 and 2015, including for a period where he was a registered representative at a brokerage firm, Matthew Woodard offered and sold unregistered securities in a business entity he owned and accepted loans on behalf of the business from an investor in the amount of $325,000, some of which he used for his own personal benefit. In addition, the SEC reports that after leaving ProEquities, Matthew Woodard served as a non-registered branch assistant to an investment adviser agent with respect to an advisory account at another registered investment adviser. While there, according to the SEC, Matthew Woodard accessed the account and made several liquidating transactions without authorization. According to the SEC, the Connecticut Order directed Matthew Woodard to repay the investor $325,000. According to the SEC, the Connecticut Order also directed Matthew Woodard to pay a penalty of $20,000. In addition, the Connecticut Order directed Matthew Woodard to permanently cease and desist from violating various sections of the Connecticut Uniform Securities Act and Regulations thereunder, including but not limited to sections relating to fraud and dishonest or unethical business practices.
Investors with Matthew Woodard May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested with Matthew Woodard, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses with Matthew Woodard and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.